A key component for maintaining control of your economic life is:

Question

Quizplus · Accepted Answer

Planning is essential for maintaining control of your economic life. Without a plan, it's easy to overspend, miss bill payments, or fail to save for important goals. Good relationships and consumer counseling can be helpful, but they're not the foundation of financial stability. Earning more can certainly help, but without proper planning and management, a higher income can lead to increased spending and debt rather than improved financial security.

A Key Component for Maintaining Control of Your Economic Life